Private investors sold net shares of more than 211 million Norwegian kroner in August, according to statistics from Nordnet. This is the first month in 2021 with net stock sales.
In total, the online broker’s stock clients traded shares for NOK 21 billion per month, and the preferred REC Silicon stock for trading was by far the most traded single stock.
Equinor and Kahoot are sold out!
At the top of sales, Equinor reigns supreme with net sales of NOK 145 million, ahead of Kahoot! And Neil.
– With the price of oil above $70 a barrel, these are very good times for oil producers. When you also see good times in gas production, Equinor is a smart place to allocate capital. Although the share rose above 8 percent in August and is up 30 percent so far this year, savers have chosen to sell. I interpret this as a hedging gain after a good journey so far in 2021, investment economist Mads Johansen says in a comment.
net sales at Kahoot! It came in a month in which the stock rose nearly 50 percent, after the company reported second-quarter earnings.
The positive quarterly result was unexpected and pleased the market. This, along with short-term coverage, has contributed to a sharp rally in the past month. After a 50 percent increase, I think more savers are choosing to lock in a profit, the Nordent economist continues.
Bought Orkla and Yara
Orkla ranks first in the most bought stocks, with a net purchase of NOK 69 million. The share fell 2 percent in August, even after providing better-than-expected quarterly numbers.
– The price development in 2021 was also weak, despite the company’s profit increase in the past year. Johansen explains, I think the savers saw this, and weighed themselves in a strong, secure company.
Yara became the second most-purchased stock in August. The company – like cyclical stocks – is having a good year, and in mid-July delivered much better quarterly numbers than expected.
– The market was also very happy with extraordinary earnings of NOK 20 per share. The investment economist says the dividend yield at the time of writing is over 8 percent, which has to be said very well in today’s low interest rate climate.
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